Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Located in the state of Indiana, Franklin is a mid-sized city with a population of 26,224 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Franklin could be considered less diverse than other cities. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Franklin, your commute time will align closely with the national average, spanning a one-way duration of approximately 25 minutes.
Living in Franklin can be a great experience for anyone moving to the town. Having said that, in the state of Indiana, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Franklin and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Indiana and national averages.
The livability score in Franklin is 64/100 and the city is ranked in the 55th percentile of all cities across America. For each of the livability categories, we see that Franklin ranks very well for crime (A+), cost of living (A+) and housing (A+). On a more negative note, Franklin does not have favorable grades for the following: amenities (F). If we take a look at the data, we can find out why.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Franklin, it boasts a notably low violent crime rate of 84 crimes per 100,000 residents, which significantly outperforms the national average.
Finding affordable real estate and housing in Franklin can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Franklin real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Franklin. The median home price for Franklin homes is $266,044, which is 17.2% higher than the Indiana average. If we take a closer look at the affordability of homes in Franklin, we’ll see that the home price to income ratio is 3, which is 0% lower than the Indiana average.
| Statistic | Franklin | Indiana | National |
| Average one way commute | 25min | 23min | 26min |
| Workers who drive to work | 82.2% | 83.0% | 76.4% |
| Workers who carpool | 9.5% | 8.9% | 9.3% |
| Workers who take public transit | 0.9% | 1.1% | 5.1% |
| Workers who bicycle | 0.2% | 0.5% | 0.6% |
| Workers who walk | 1.6% | 2.1% | 2.8% |
| Working from home | 5.2% | 3.5% | 4.6% |
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